The Week in Review
….your Wilmington Connection
May 17, 2009
Summer sun and rainfall is what we have seen this week in Wilmington, get ready its time to break out your swimsuits!
Just want you all to know something fantastic has happened to me, I have returned to my real estate family at Coldwell Banker Seacoast, this is where I started my real estate career and am excited to be back and associate my business with the best real estate company in Wilmington!
This week there are 2842 homes on the market with 396 under contract thats 14%, it has definately picked up in the last 2 months. 476 properties have sold in the last 3 months and on average are selling 94% to their list price, not including the price range of $875,000 and above they are taking a bigger hit of about 90% of their list price. $250,00 and under are looking at an average of 4 months on the market. There are some great houses out there and with the low interest rates, dont take a chance and miss out.
NC Foreclosure filings fall 15% in April
The number of foreclosures in North Carolina fell 14.9 percent in April from the same period last year, according to RealtyTrac Inc.
The state had 3,082 foreclosures in April, with one in every 1,339 homeowners receiving a default notice, auction-sale notice or bank-repossession filing.
North Carolina ranked 34th in the nation for foreclosure filings in the latest quarter.
Vote by trade commission to boost Southport’s Archer Daniels Midland plant
A vote by the U.S. International Trade Commission to impose duties on citric acid and citrate sales from China and Canada may underpin the future of Archer Daniels Midland’s plant in Southport, the company said.
“If the commission had not ruled the way it did, ADM’s Southport facility would have been seriously threatened by unfairly traded imports from citric acid producers in China and Canada.
until next week in The Week in Review
Tina
